What HUD offices serve Lone Tree, Iowa?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Lone Tree.
How many renters live in Lone Tree, Iowa?
The City of Lone Tree has 1,261 people living in 491 households.
There are 124 renters living in 73 renter households in this City. Renters make up 9.83 percent of the population living in Lone Tree.
What is the rental market like in Lone Tree, Iowa?
There are an estimated 523 housing units in the Lone Tree area. Of these, 81 units are rental homes, making up 15 percent of the housing market. For every renter household in Lone Tree, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Lone Tree?
The rental vacancy rate in Lone Tree is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Lone Tree for each bedroom size?
Occupied Rental Units by Size in Lone Tree
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 28 | 31 | 7 | 7 |
Occupied Rental Units by Size in Lone Tree
A large number of apartments in Lone Tree have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Lone Tree are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 26 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Lone Tree
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $783 to $1,836. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $783 |
| One BR | $902 |
| Two BR | $1,082 |
| Three BR | $1,525 |
| Four BR | $1,836 |
2024 Fair Market Rents in Lone Tree, Iowa
How many units are rented at Fair Market Rent (FMR) in Lone Tree?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 18 | 64 percent |
| Two BR | 25 | 81 percent |
Rental Units Below FMR in Lone Tree, Iowa
How many affordable rental units are in Lone Tree?
There are a variety of federal affordable housing programs serving households in Lone Tree, Iowa including the following:
| Federal Program | Unit Count |
| Public Housing | 20 |
Tracked Units by Federal Program in Lone Tree, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lone Tree, Iowa
Lone Tree features 19 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Lone Tree, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lone Tree.
Housing Choice Vouchers in Lone Tree, Iowa
On average, Section 8 Housing Choice vouchers pay Lone Tree landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lone Tree.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lone Tree, Iowa for a two-bedroom apartment is between $974 and $1,190.
Sourced from federal housing data and AffordableHousingOnline.com research.
